Tesla India revenue reached ₹247.3 crore in FY26, its first full year of retail operations in the country, as vehicle sales accounted for nearly 87% of the total. The local unit reported a net profit of ₹5.2 crore.

Tesla India revenue shifts toward vehicle sales

Revenue from operations rose nearly 12-fold from ₹20.8 crore in FY25, while net profit increased from ₹55.5 lakh, regulatory filings by Tesla India Motors and Energy showed.

Vehicle sales contributed ₹214.69 crore in FY26, and services generated ₹32.4 crore. In FY25, the unit’s revenue came entirely from services-related operations.

Registrations and investment increase

Tesla opened its first Indian showroom in Mumbai in 2025 and registered 346 vehicles between September 2025 and March 2026. Registrations reached 650 vehicles in the first half of fiscal 2026–27, exceeding the previous fiscal year’s total.

Tesla infused about ₹86 crore into its local unit in FY26. Cash expenditure on property, plant and equipment and capital work-in-progress rose to ₹62.5 crore from ₹1.2 crore in FY25.

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